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In the Following, Which May Be a Limitation or Bias

Question 28

Multiple Choice

In the following, which may be a limitation or bias that a decision-maker has in information acquisition?


A) People tend to adjust their initial impressions more slowly than optimal rules derived from decision theory;
B) People tend to judge probabilities of events according to the number of occurrence instead of the rate of it;
C) People tend to select information that is readily available to them and ignore what is less available;
D) People tend to consider extreme value without considering the effect of randomness;
E) People tend to see relationships between variables even if there is not covariance.

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